You may not want to believe it Dwuck, but Pimco and Bill Gross among others are accumulating capital to buy mortgages thereby injecting liquidity into the system. Is this not the capital system self correcting. Methinks next year, rather than the dissapearance of the dollar, the US and the dollar could lead a worldwide recovery. Maybe not, but Pimco and Bill Gross are not dumb.
Be interesting to follow a grand of gld versus a grand of these securities to see which returns the most over the following 12 months.
QWAK,alpha,You are acting like Polleyanna and trying to sell "BLUE SKYS and RAINBOWS" when a HURICAIN is coming!
People NEED real GOLD and REAL SILVER as SHELTER from the STORM,what you are selling is PAPER UMBRELLAS and when it starts raining a lot of people are gnna be real mad at YOU if they follow YOUR advice! :(
PIMCO buys bonds. Lots of 'em. All the time. Therefore they have always "accumulated capital" to buy mortgages! Do some research and be amazed at how much mortgage, and mortgage backed, paper PIMCO buys. And don't forget to look into the auction rate securities they issued to buy mortgage paper, et al. Alpha, come up with something new and original. Don't regurgitate press releases that were placed for those naive, like you, to think something new is happening. Next thing we know you will tell us how Lehman is buying back its stock (yes, just one of their recent press releases since proven wrong).